Henderson County Historic Courthouse Corporation in Hendersonville, North Carolina (NC)

Henderson County Historic Courthouse Corporation
Employer Identification Number (EIN)	542151555
Name of Organization	Henderson County Historic Courthouse Corporation
Address	1 Historic Courthouse Square Suite, Hendersonville, NC 28792-5043
Subsection	Charitable Organization
Ruling Date	06/2004
Deductibility	Contributions are deductible
Foundation	Organization which receives a substantial part of its support from a governmental unit or the general public
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2014
Assets	$100,000 to $499,999
Income	$100,000 to $499,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$275,465
Amount of Income	$187,944
Form 990 Revenue Amount	$166,063
National Taxonomy of Exempt Entities (NTEE)	Arts, Culture and Humanities: Historical Societies, Related Historical Activities

Non-representatives - add comments:

Amount of income in 2014: $187,944 (it was $163,037 in 2013)

Henderson County Historic Courthouse Corporation:	$187,944
Other organizations performing similar types of work:	$32,954

Assets in 2014: $275,465 (it was $228,851 in 2013)

This organization:	$275,465
Other organizations performing similar types of work:	$59,539

Expenses in 2013: $178,268

This organization:	$178,268
Other organizations performing similar types of work:	$21,061

Income to expenses ratio in 2013: 1.1

This organization:	1.1
Other organizations performing similar types of work:	0.9

Grants share in income in 2013: 99.2%

This organization:	99.2%
Other organizations performing similar types of work:	2.1%

Financial snapshot ($)

Revenue for 2013

Support schedule

	2011	2012	2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$85,317	$138,487	$147,373
Contributions, gifts, grants, and similar amounts received	$120,994	$127,618	$146,220
Program service revenue including government fees and contracts	$0	$0	$0
Membership dues and assessments	$1,525	$100	$425
Investment income	$0	$510	$807
Gain/Loss from sale of assets other than inventory	$-45,572	$0	$-7,118
Gross amount from sale of assets other than inventory	$0	$0	$0
Less: cost or other basis and sales expenses	$45,572	$0	$7,118
Net income/loss from gaming and fundraising events	$4,279	$6,255	$4,053
Gross income from gaming	$0	$0	$0
Gross income from fundraising events	$4,279	$6,255	$5,475
Less: direct expenses from gaming and fundraising events	$0	$0	$1,422
Gross profit/loss from sales of inventory	$1,669	$3,911	$2,715
Gross sales of inventory, less returns and allowances	$9,527	$11,104	$9,839
Less: cost of goods sold	$7,858	$7,193	$7,124
Other revenue	$2,422	$93	$271
Total expenses	$181,821	$125,387	$178,268
Total net assets	$245,355	$258,455	$227,560
Excess/Deficit for the year	$-96,504	$13,100	$-30,895
Net assets or fund balances at beginning of year	$341,859	$245,355	$258,455
Other changes in net assets or fund balances	$0	$0	$0
Net assets or fund balances at end of year		$258,455	$227,560

	2011	2012	2013
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?		No	No
Were any significant changes made to the organizing or governing documents?		No	No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities	No	No	No
Has the organization filed a Form 990-T for the year?		No	No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?		No	No
Amount of political expenditures, direct or indirect		$0	$0
Did the organization file Form 1120-POL for this year?		No	No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?		No	No
Total amount involved		$0	$0
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?		No	No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?		No	No

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported	0
Sum of amounts of support	$0

	2009 - 2013 Total
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
Public Support	$618,507
Subtotal Support	$670,503
Gifts, grants, contributions, and membership fees received	$670,503
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf	$0
The value of services or facilities furnished by a governmental unit to the organization without charge	$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support	$51,996
Total Support	$825,124
Public Support	$670,503
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources	$4,241
Net income from unrelated business activities, whether or not the business is regularly carried on	$0
Other income. Do not include gain or loss from the sale of capital assets	$150,380
Gross receipts from related activities, etc.	$51,417